Kraft Heinz stock jumps on earnings beat

Shares of the company jumped almost 5% in premarket trading. Shares in the company, which has a market value of $34.8 billion, are down by about 33% so far this year, as of Wednesday's close.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $6.08 billion vs. $6.13 billion expected Kraft Heinz reported fiscal third-quarter net income of $899 million, or 74 cents per share, up from $619 million, or 50 cents per share, a year earlier.

On an adjusted basis, which excludes certain one-time items, the food giant earned 69 cents per share, topping the 54 cents per share expected by analysts surveyed by Refinitiv.

Yummm high fructose corn syrup 🤮🤮🤮

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Lyft stock falls despite earnings beat and raising guidance for yearLyft slides despite an earnings beat. Here are the key numbers: Loss per share: $1.57 vs. $1.66, per Refinitiv estimates Revenue: $955.6 million vs. $915 million, per Refinitiv estimates $LYFT What are the odds Lyft and Uber eventually merge?
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

GM's third-quarter earnings beat estimates despite $1 billion strike costAnalysts will be interested in finding out additional details about how a 40-day strike by the United Auto Workers impacted the company's third and fourth quarters and whether or not it was enough for GM to change its outlook for the year. I have a 19 year old Vauxhall Corsa made by GM if that helps
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Mattel shares spike after earnings beat, new CFO named after whistleblower probe endsA quick peek into $MAT's health (stopped out) and risk (32.08%).
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Volkswagen lowers sales outlook as third-quarter earnings beat expectationsThe world's biggest automaker posted operating profit of 4.5 billion euros ($5 billion) for the third quarter of 2019. Wow
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »